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Real Estate & Property Law

: Housing Wire

Drop in Conforming Limits Means More Jumbo Mortgages

By KELLY CURRAN

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As the New Year rings in, some homeowners are likely to feel the pinch of higher mortgage rates and tightened credit — in particular, borrowers in certain areas of the U.S., with a mortgage between $625,500 and $729,750. That’s because temporary legislation that had boosted conforming mortgage limits to as high as $729,750 in certain [...]

Full post as published by Housing Wire on January 02, 2009 (boomark / email).

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